Aker Energy drillship
Aker Energy, the current operator of the Deepwater Tano Cape Three Points (DWT/CTP) block in the Western Region, has indicated that it will soon complete the drilling operation in the Pecan-4A appraisal well offshore Ghana.
Last year, Aker Energy Ghana Limited, a subsidiary of Norwegian-based oil exploration and production firm, completed the acquisition of Hess Ghana, which was operating the DWT/CTP with a 50 percent participating interest in the licence.
The oil company gave assurance that it would work closely with licence partners and authorities to submit a Plan of Development (PoD), with anticipated first oil in fourth quarter of 2021.
Aker Energy’s partners are LUKOIL (38 per cent), Ghana National Petroleum Corporation (GNPC) (10 per cent) and Fuel Trade (2 per cent).
The well was drilled at the Pecan Field in the DWT/CTP block approximately 166 kilometres southwest of Takoradi to a vertical depth of 4,870 meters in 2,667 meters of water.
The DWT/CTP block offshore Ghana contains seven discoveries of which Pecan is the main discovery to date.
The main purpose of Pecan-4A appraisal well was to confirm Aker Energy’s understanding of the geology in the area and identify deep oil water contact in the Pecan reservoir.
This was successfully proven.
“We are pleased to announce the well results, confirming our understanding of the area, as well as the resource base and upside potential in the DWT/CTP block. Based on these results, we will optimise the Plan of Development for the Pecan Field.”
“There is still a lot of work to be done, including concluding the phasing of the development, the size of first phase and detailing of the concept.”
“Our most important priority going forward is to deliver a robust field development plan to the Ghanaian authorities,” Jan Arve Haugan, Chief Executive Officer at Aker Energy indicated in a statement announcing the successful Pecan 4-A appraisal well offshore Ghana.
Based on existing subsurface data from seismic wells drilled and an analysis of the Pecan-4A well result, the existing discoveries are estimated to contain gross contingent resources (2C) of 450 – 550 million barrels of oil equivalent (mmboe).
The statement said that Aker Energy estimated that with the next two appraisal wells to be drilled, the total volumes to be included in a Plan of Development (POD) have the potential to increase to between 600 and 1,000 mmboe.
“In addition, there are identified multiple well targets to be drilled as part of a greater area development after submission of the POD.”
“Aker Energy sees great potential in this promising area offshore Ghana. We see the foundation for a phased development producing through several production units,” it added.
The statement pointed out that since Aker Energy became the operator less than a year ago, it had established an open, inclusive and transparent collaboration with Ghanaian authorities.
From Emmanuel Opoku, Takoradi